Vestcor Inc Purchases Shares of 4,338 Adtalem Global Education Inc. (NYSE:ATGE)

Vestcor Inc purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,338 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATGE. Atria Investments Inc increased its holdings in Adtalem Global Education by 32.6% in the third quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock worth $356,000 after purchasing an additional 1,162 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $219,000. Victory Capital Management Inc. grew its position in shares of Adtalem Global Education by 130.1% during the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock worth $2,540,000 after buying an additional 19,026 shares during the period. Natixis Advisors LLC bought a new stake in shares of Adtalem Global Education in the 3rd quarter valued at $828,000. Finally, Quest Partners LLC lifted its position in shares of Adtalem Global Education by 173.4% during the 3rd quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock valued at $1,072,000 after acquiring an additional 9,008 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ATGE has been the subject of a number of research reports. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets raised their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Barrington Research upped their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Adtalem Global Education Stock Performance

ATGE opened at $97.25 on Tuesday. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.05 and a beta of 0.95. The company’s fifty day moving average price is $99.86 and its two-hundred day moving average price is $88.18. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.